|Day's Range||24.39 - 24.62|
|52 Week Range||18.88 - 27.95|
|PE Ratio (TTM)||52.55|
|Dividend & Yield||0.30 (1.55%)|
|1y Target Est||N/A|
Rio Tinto (RIO) released its operational update for 1H17 on July 18, 2017. Rio’s iron ore shipments fell 6% year-over-year (or YoY) to 77.7 million tons in 2Q17.
The world’s largest mining concerns, BHP Billiton, Rio Tinto and Vale, as well as Southern Copper, are poised in bases as they prepare to report results.
Rio Tinto (RIO.AU) (RIO.UK) shareholders could be set for a treat when it reveals its first half profits in August, with RBC Capital Markets saying the miner could pay a $1 billion special dividend. The broker says Rio Tinto (RIO) is in a good position to pay out an additional dividend above the $0.86 first dividend per share (DPS) they are forecasting as the miner's gearing has fallen on lower capex, cost cutting and a rebound in commodity prices, all of which are helping boost free cash flow (FCF). Here's why RBC Capital Markets reckons there could be a cash bonanza: We expect the business will generate an additional $4.2bn in FCF in H2, further improving balance sheet strength.